Delinquency rates, past-due balances dropping
Only one-in-10 think it’s easier to invest than to save
Tough conversations can lead to solutions
Although current interest rates are low, advisors need to focus clients on the long- term outlook for rates — and too much debt
Many clients reach their contribution limits with registered accounts but still have capital to invest. With a little ingenuity, they can continue to invest in vehicles that receive favourable tax treatment
Homeowners are comfortable with their level of mortgage debt
Consumers already trimming the pace of borrowing
If you find yourself with clients who are cash-strapped, debt-burdened and unable to save, you certainly have plenty of company.That’s because more than half of Canadians (57%) can’t meet their savings goals; and almost as many (51%) are intimidated by the thought of setting up “a pay yourself first” savings program, suggests a recent Royal […]
Business credit records flat growth after five consecutive months of declines
Debt-to-income ratio could hit 151% by 2013.